How to open and set-up an Oanda MT4 Account

Opening an Oanda MT4 account allows traders to access the powerful MetaTrader 4 platform for forex and CFD trading with Oanda’s liquidity and execution speed.

To get started, you must first open an Oanda account and create an MT4 sub-account, which serves as a dedicated trading account for the MT4 platform. Once your sub-account is created, download and install the Oanda-supported MT4 platform, then log in using your credentials.

Oanda’s MT4 setup includes key features such as advanced charting tools, automated trading via Expert Advisors (EAs), and the Oanda MT4 Premium Upgrade, which enhances trading functionality with additional indicators and execution tools.

Does Oanda offer MT4?

Yes, Oanda does offer the MT4 trading terminal. This service is available on desktop, mobile and webtrader. Whether you access your trading account through your smartphone, tablet, or PC, you can access Oanda MT4 with ease. MT4 is the best trading platform in the industry and one of the most safe and accessible.

How to connect your Oanda Account to MT4?

There are three steps to connect your Oanda account to MT4. The steps to connect your Oanda account to MT4 are listed below.

1. Open an Oanda Account: Before you even think of connecting your Oanda account to the MT4 trading terminal, the first thing is to create a trading account with Oanda. However, if you have an existing trading account, you can proceed to connect the account to MT4. If you fall in the former category, you have 2 options to open a new account. The options include opening a demo account as a beginner, or opening a live trading account as an expert trader. While the process of opening an Oanda demo account is simple and straightforward, opening a live trading account requires that you upload proof of residence and identity. Once the account is up and running, you then need to deposit funds in the account to get started. You can read our guide on Oanda minimum deposit to determine the minimum deposit to start with.
2. Create your Oanda MT4 Sub-Account: Once your trading account is up and running, the next thing is to create your Oanda MT4 sub-account. To do this, go to the Oanda homepage and sign. Thereafter, click the “Add sub-account” button and select “Add new sub account“. On the right side of the page, click on the “MetaTrader 4,” and select the name of your MT4 Sub Account, base currency and the leverage you want to use. Click on “Agree Terms and Conditions” to proceed. If you get the above steps correctly, the sub-account would be created and your account information would be displayed on the left hand side of the page. You can save the information for future reference.
3. Download and install the MT4 Platform with Oanda: Now is the time to download the MT4 trading terminal. To do this, click on “My Account” to reach your account management page. Note that this is the same page you linked your MT4 Sub-Account. Then, click the “download” button under the MT4 icon. Click on the installation icon and proceed to check the terms and agreement tab after the download process is completed. The MT4 trading terminal will open as soon as the installation process is complete. You can log into the platform with the same password as your Oanda Account.

What is the Oanda MT4 Premium Upgrade?

The Oanda MT4 Premium Upgrade is designed to expand your trading possibilities by introducing more sophisticated ways to manage orders, analyze charts, and mitigate risk. It enriches the standard environment with specialized features like advanced order types, enhanced analytics, and refined automation options for both manual and algorithmic approaches.

It strives to maintain a stable connection and consistent trade execution so you can operate with confidence, even during fast-moving market events. The goal is to ensure that outages and errors are minimized, allowing you to focus on finding and managing trading opportunities rather than worrying about the platform’s integrity.

Beyond stability, this enhancement aims to optimize speed, reducing delays when you place or modify positions. By fine-tuning execution pathways and resource usage, it offers a responsive experience especially critical for strategies that rely on precise timing.

Access to these extra capabilities comes with certain requirements, such as having a compatible Oanda account. The upgrade is exclusive to Oanda’s MT4 infrastructure, ensuring that only traders within this ecosystem can leverage the specialized functionality, which helps maintain a focused and high-quality environment.

Compared to the basic version of MetaTrader 4, this enhanced layer sets itself apart through richer tools and potentially tighter integration with Oanda’s liquidity. Its additions can outshine the standard interface, offering more depth for order handling and deeper analytical insights that many traders find invaluable.

You’re free to tailor it to your style and blend it with the scripts or indicators you already rely on. Whether you’re a scalper looking for quick one-click entries or a more measured swing trader, the upgrade can adapt to different goals while still providing a solid foundation for new or existing strategies.